Taxes
Louisiana Denies Claim of Overpaid Sales Tax from Rewards Program Transactions
This Louisiana Court of Appeals decision highlights the sales tax impact of discounts, including rebates and coupons, which can vary…
Washington Rules That Pharmacy Benefit Service Provider’s Revenues are Subject to B&O Tax
A Washington Court of Appeals opinion explains how the status of a third party as an agent or independent contractor…
Employer-Owned Life Insurance Policies: Tax Treatment & Reporting Requirements
In the past, money received through a life insurance contract, paid by reason of the death of the insured, were…
New York Rules that Marketplace Facilitator is Required to Collect Sales Tax
Despite not having a marketplace facilitator statute at the time of the ruling, the state ruled that a marketplace facilitator’s…
Donations of Food Inventory Equals Sizeable Charitable Deductions for Restaurants
Restaurants that donate food inventory to charitable organizations could have the opportunity to claim tax deductions for charitable contributions, which…
Indiana Rules on Employee/Contractor Status for Unemployment Insurance Tax
Worker classification issues don’t just impact federal taxes, and businesses that misclassify workers can be held liable for state unemployment…
Washington Enacts New Economic Nexus Rules for B&O and Sales Taxes
Recent legislation in Washington will expand Business & Occupation Tax nexus to capture more businesses and imposes certain reporting requirements…
The Deductibility of an Estate’s Excess Deductions to Beneficiaries
As we planned for and now prepare estate and trusts returns for 2018, beneficiaries and executors want to know: After…
Why is there an IRC Section 163(j) note on my K-1?
By: Scot Goldring, Tax Senior Manager, and Kelsey Monaghan, Tax Associate If you own part of a company doing business…